Mahindra Rural Housing Finance Profile
Key Indicators
- Authorised Capital ₹ 150.00 Cr
- Paid Up Capital ₹ 122.89 Cr
- Company Age 17 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 8,595.25 Cr
- Satisfied Charges ₹ 7,958.95 Cr
- Revenue Growth -2.01%
- Profit Growth -54.44%
- Ebitda -2.24%
- Net Worth 1.86%
- Total Assets 2.40%
About Mahindra Rural Housing Finance
Mahindra Rural Housing Finance Limited (MRHFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 09 April 2007 and has a history of 17 years and 11 months. Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 150.00 Cr and a paid-up capital of Rs 122.89 Cr.
The company currently has active open charges totaling ₹8,595.25 Cr. The company has closed loans amounting to ₹7,958.95 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mahindra Rural Housing Finance Limited India are Dinesh Prajapati as Cfo, Jaspreet Chadha as Ceo, and Navin Joshi as Company Secretary. Narendra Mairpady, Jyotin Mehta, Amarjyoti Barua, and Two other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U65922MH2007PLC169791
- Company No.
169791
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
09 Apr 2007
- Date of AGM
17 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Mahindra Rural Housing Finance?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Dinesh Prajapati | CFO | 13-Mar-2024 | Current |
| Jaspreet Chadha | CEO | 25-Feb-2025 | Current |
Navin Joshi  | Company Secretary | 14-Jul-2016 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Smita Mankad | Director | 22-Dec-2023 | Current |
| Narendra Mairpady | Director | 13-Aug-2015 | Current |
| Jyotin Mehta | Director | 30-Mar-2020 | Current |
| Amarjyoti Barua | Director | 01-Jun-2024 | Current |
| Raul Rebello | Director | 01-Nov-2024 | Current |
Financial Performance of Mahindra Rural Housing Finance.
Mahindra Rural Housing Finance Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 2.01% decrease. The company also saw a substantial fall in profitability, with a 54.44% decrease in profit. The company's net worth moved up by a moderate rise of 1.86%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mahindra Rural Housing Finance?
In 2023, Mahindra Rural Housing Finance had a promoter holding of 98.43% and a public holding of 1.57%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Women On Wings FoundationSmita Mankad is a mutual person
Vardhman Trusteeship Private LimitedNarendra Mairpady is a mutual person
Equippp Social Impact Technologies LimitedNarendra Mairpady is a mutual person
Otis Elevator Co (India)LtdJyotin Mehta is a mutual person
Blue Planet Integrated Waste Solutions LimitedSmita Mankad is a mutual person
Mahindra Manulife Investment Management Private LimitedRaul Rebello is a mutual person
Charges (Loans)
Open Charges
₹8,595.25 Cr
Satisfied Charges
₹7,958.95 Cr
Charges Breakdown by Lending Institutions
- Others : 6050.00 Cr
- Axis Bank Limited : 1395.25 Cr
- Hdfc Bank Limited : 550.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 400.00 Cr
- Indian Bank : 150.00 Cr
- Others : 50.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2025 | Others | ₹50.00 Cr | Open |
| 04 Nov 2024 | Others | ₹250.00 Cr | Open |
| 25 Oct 2024 | Others | ₹80.00 Cr | Open |
| 23 Oct 2024 | Axis Bank Limited | ₹260.00 Cr | Open |
| 06 Sep 2024 | The Hongkong And Shanghai Banking Corporation Limited | ₹100.00 Cr | Open |
How Many Employees Work at Mahindra Rural Housing Finance?
Mahindra Rural Housing Finance has a workforce of 9945 employees as of Mar 30, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mahindra Rural Housing Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mahindra Rural Housing Finance's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Mahindra Rural Housing Finance
Recent activity within the organization
- Director Appointment
Jaspreet Singh Chadha was appointed as a Ceo was appointed as a Ceo on 25 Feb 2025 & has been associated with this company since 30 days .
- Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101042537 was registered on 31 Jan 2025.
- Charges
A charge registered on 14 Dec 2021 via Charge ID 100514187 with Hdfc Bank Limited was fully satisfied on 30 Nov 2024.
- Charges
A charge registered on 14 Dec 2021 via Charge ID 100514817 with Hdfc Bank Limited was fully satisfied on 30 Nov 2024.
- Charges
A charge registered on 23 Sep 2019 via Charge ID 100293499 with Axis Bank Limited was fully satisfied on 05 Nov 2024.
- Charges
A charge with Others amounted to Rs. 250.00 Cr with Charge ID 101001205 was registered on 04 Nov 2024.
Recent News, Updates & Announcement
- Mahindra & Adani Partner to Expand EV Charging Network Across India, Tata Power and Oil Companies Join In.
Mahindra & Mahindra, a car company, teamed up with Adani Total Energies E-Mobility to build electric vehicle charging stations all over India. This will make it easier for people to charge their electric cars and help India reach its climate goals. Mahindra XUV400 owners can now access over 1,100 chargers through the Bluesense+ app. Tata Power is also installing over 500 charging points across India, with a market share of 60%. Oil companies are also starting to offer EV charging at their petrol pumps..
- Mahindra & Mahindra and Adani Total Energies Team Up to Bring Electric SUVs to India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.
Mahindra & Mahindra + Adani Total Energies = SUVs go electric in India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.
- Bandhan Bank and M&M sign MoU to offer attractive commercial vehicle and equipment financing solutions.
Mumbai, March 19, 2024: Bandhan Bank, one of India’s fastest-growing private sector banks has signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra, a leading commercial vehicle manufacturer of the country, to offer convenient fina.
- Thrust Zone.
Mahindra, which has recently spent a lot of time at the trademark office, has registered other names, which could be used for its upcoming electric cars. XUV 7XO, XUV 1X0, XUV 5XO, XUV 3XO. The XUV 3XO can be used for the Mahindra XUV400 facelift scheduled to launch this year. But since this model is already in the market, Mahindra can launch a sub-4 meter version of the XUV400 and use the new name, which is said to be in the making. The above names refer to electric vehicle models already on the market (XUV400) or introduced by the car manufacturer (XUV e8). But the remaining two names – XUV 5XO and XUV 1XO – could indicate upcoming electric models from Mahindra. The XUV 5XO is expected to be a Creta-sized electric SUV, a rival to the upcoming MG ZS EV and Tata Curvv EV. The only electric SUV in India. With these 4 models, Mahindra will have an electric SUV in all popular SUV segments. XUV 1X0 will be the KUV 100 Electric which almost saw a launch and was forgotten entirely after 2021. Also announced and launched in 2022, Mahindra has announced a new line of all-electric SUVs – the BE series. They must have the same name assigned to them at presentation time. The BE 05, BE 07 and BE 09 will be stand-alone models and will be different from other Mahindra electric vehicles as they will be built on a new dedicated platform as part of the Born Electric range. The electric version of the Mahindra XUV700 is expected to launch later this year. As for the BE series, BE 05, scheduled to launch at the end of 2025, will be the first product in this product line to enter the market..
Frequently asked questions
What is the Incorporation or founding date of Mahindra Rural Housing Finance Limited?
Mahindra Rural Housing Finance Limited was incorporated on 09 Apr 2007.
What is authorized share capital and paid-up capital of Mahindra Rural Housing Finance Limited?
The authorized share capital of Mahindra Rural Housing Finance Limited is ₹ 150.00 Cr and paid-up capital is ₹ 122.89 Cr.
Who are the current board members & directors of Mahindra Rural Housing Finance Limited?
Currently 8 directors are associated with Mahindra Rural Housing Finance Limited.
- Narendra Mairpady
- Jyotin Kantilal Mehta
- Amarjyoti Barua
- Dinesh Dayaram Prajapati
- Smita Piyush Mankad
- Jaspreet Singh Chadha
- Navin Pramod Joshi
- Raul Ignatius Rebello
What is the registered address of Mahindra Rural Housing Finance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mahindra Rural Housing Finance Limited is Mahindra Towers P. K. Kurne Chowk Worli, India, Mumbai, Maharashtra, 400018.
What is the corporate identification number (CIN) and company number of Mahindra Rural Housing Finance Limited?
The corporate identification number (CIN) of Mahindra Rural Housing Finance Limited is U65922MH2007PLC169791 and the company number is 169791 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mahindra Rural Housing Finance Limited?
The Official website of Mahindra Rural Housing Finance Limited is https://www.mahindrahomefinance.com
What has been the recent revenue trend for Mahindra Rural Housing Finance Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mahindra Rural Housing Finance Limited has fallen by -2.01%.
How many employees does Mahindra Rural Housing Finance Limited currently have?
As Per 2023 financial reports, 9945 employees are currently employed by Mahindra Rural Housing Finance Limited.
What change has been observed in the net worth of Mahindra Rural Housing Finance Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mahindra Rural Housing Finance Limited has experienced an upsurge of 1.86%.
What are the total open charges for Mahindra Rural Housing Finance Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Mahindra Rural Housing Finance Limited amount to ₹ 8,595.25 Cr.
When was the last Balance Sheet of Mahindra Rural Housing Finance Limited filed with the ROC?
The most recent Balance Sheet for Mahindra Rural Housing Finance Limited was filed with the ROC on 31 Mar 2024.
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